Property Share Investment Trust- Propshare Titania IPO

Project Titania, which is part of the G Corp Tech Park, is a Grade A+ campus style development, with LEED Platinum (O&M), WELL Health & Safety and BEE 5-star certifications.

Sound business model with embedded rental growth, stable cash flows and mark-to-market opportunity.

100% occupancy by a diversified underlying tenant portfolio comprising of Fortune 500 companies, MNCs and blue-chip tenants including Aditya Birla Capital and Concentrix.

Low vacancy and projected 5-year rent CAGR of 5.6% from CY2024 in Thane, MMR for Grade A+ commercial assets. (Source: JLL Report).

~300 meters from the metro station providing access to the upcoming Kasarvadavali station on the upcoming metro line 4 connecting Wadala, to Gaimukh, Thane, MMR. (Source: JLL Report).

Experienced investment and asset management team with oversight and strong corporate governance through an experienced Board and marquee investors.

While the company has executed the definitive agreements with respect to the Formation Transactions, the closing of these is subject to fulfilment of certain conditions. Therefore, its ability to consummate these transactions will impact the ability of the Investment Manager to complete this Issue.

The outstanding tax litigations of Titania SPV involve a substantial disputed amount of Rs. 710.11 million which could potentially have adverse effect on its business, financial condition, results of operations and cash flows.

Its business, revenues and profitability are dependent on the performance of the commercial real estate market in India. Fluctuations in the general economic, market and other conditions may affect the commercial real estate market in India, specifically in Thane, MMR region, and in turn, our ability to lease the SM REIT Asset to tenants on favourable terms.

A significant portion of its revenues is derived from a limited number of large lessees and from a single sub-market. Any conditions that impact these lessees, or submarkets may adversely affect the company business, revenue from operations and financial condition.

Its actual results may be materially different from the Projections included in this Key Information of the Scheme. Accordingly, investors should not place undue reliance on or base their investment decision solely on this information.

The Valuation Report obtained for Project Titania is only indicative in nature as it is based on various assumptions and may not be indicative of the true value of Project Titania.

A significant portion of its revenues is derived from a limited number of large tenants in the banking, financial services and insurance (BFSI), Healthcare and Lifesciences and technology sectors. Any conditions that impact these tenants or the respective sectors or cities in which they operate may adversely affect its business, results and financial condition.

This Key Information of the Scheme contains information from the JLL Report, the Technical Due Diligence Report and the Valuation Report which the Investment Manager has commissioned on its behalf.

A portion of the Issue proceeds are going to be utilised to redeem the Optionally Convertible Debentures, which are not in existence as on the date of filing of this Key Information of the Scheme.

Tenant leases across our SM REIT Asset are subject to the risk of non-renewal, non-replacement, default, early termination, regulatory or legal proceedings or changes in applicable laws or regulations, thereby impacting leasing and other income. Further, vacant properties could be difficult to lease, which could adversely affect its revenues.